Why do JP Morgan and Goldman Sachs want desperately to keep the UK in the European Union?

‘JP Morgan and Goldman Sachs want Britain to stay within the European Union and they are spending money to make sure the UK stays. Surprise.

It is odd (perhaps not so odd) that so much of the banking and political establishment in British Europe (forgive me Britons, I was taught that one should never call a Brit a “European” but I’m making a point) is so vehemently pro-European Union. The lockstep (goosestep?) push by some to further integrate with Brussels, to give up even more sovereignty, to further reduce Britain’s stature in the world is striking.

Why not pursue a “super Singapore” model? Why not work out a deal like Norway which has its own laws but retains access to the European single market? Why not make this the focus of efforts? The UK I grew up knowing, the one my parents spoke of, would never have rolled over and thrown in its lot with the Continent. Where is that spirit?’

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